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Driven by lower costs and faster time-scales, the market for private catastrophe bonds is growing quickly, allowing counterparties not previously active in the ILS space to use this method of risk transfer, John Butler, managing partner at Twelve Capital, told Monte Carlo Today. 13 September 2015
Insurance
Some 15 Citroen 2CVs sponsored by a variety of re/insurers and some driven by well-known executives from the industry will arrive in Casino Square today (Sunday September 13) in time for the Monte Carlo Rendez-Vous, having made the 1,000-mile journey from 1 Lime Street since leaving on Wednesday September 9. 13 September 2015
Insurance
Mergers and acquisitions (M&A), capital markets, technology and the movement of property rates will be the biggest talking points at this year’s Rendez-Vous. 13 September 2015
News
In the face of intense and multifaceted market pressures, underwriters must retain their integrity and good judgement at all costs, Matthias Weber, group chief underwriting officer, Swiss Re, told Monte Carlo Today. 13 September 2015
Insurance
Re/insurers demonstrated their ability to continue to underwrite risks and pay claims in a timely and professional manner despite the most recent convulsions in the global economy—and this will continue. That is the opinion of Robert Hartwig, president and economist, Insurance Information Institute (III), who said that the economic and financial market instability during the summer of 2015 again demonstrated the resilience of the industry. 13 September 2015
Insurance
Zurich Insurance will continue to ‘refine’ its reinsurance programme in 2016, reducing or eliminating reinsurers that are not part of the company’s global core relationships. This strategy could be further extended if the company’s acquisition of RSA goes ahead. 13 September 2015
Insurance
Rating agencies pay close attention to reinsurers’ competitive positions and determine this, in part, by examining a company’s ability to lead business. Peter Hughes, director at Litmus Analysis, examines the implications of this logic. 13 September 2015
Insurance
Lloyd’s broker Lonmar Global Risks has appointed Brian Watkins as a divisional director in its specialist binding authority team. 12 September 2015
Insurance
In a recent survey by Intelligent Insurer, 70 percent of respondents said that a UK referendum in favour of leaving the European Union (EU) would damage London’s role as a global hub for re/insurance and risk transfer. “It would have a negative impact on the willingness of London to deal with European clients,” said one respondent. 12 September 2015
Insurance
UnipolSai Assicurazioni, the insurance arm of the Italian Unipol Group, has launched a reinsurer targeting property and casualty business in continental Europe. 11 September 2015
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